Why did President Jackson and other leading Democrats call the Bank "undemocratic?
1 answer
President Jackson and other leading Democrats called the Bank "undemocratic" because they believed that it concentrated too much economic power in the hands of a few wealthy individuals and bankers, and that it operated independently from the control of the federal government. They viewed the Bank as benefiting the wealthy elites at the expense of the common people, and saw its actions as undermining the principles of democracy and economic equality. Jackson and his supporters also criticized the Bank for allegedly engaging in corrupt practices and favoritism towards certain financial interests.